QUESTION - how would you describe what makes a successful trader - keeping in mind that it has been reported that 90% of traders fail? …
Category: Journal
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Journal
We have to be great in a situation that is not always perfect. This war will be won or lost in our own minds. Life is one big mind game, but usually you are playing against yourself. The human mind is always trying to find the easier path. That’s why mindset is important because you’re continually having to push your mind towards the harder path, which ultimately gets you a lot more. Don’t let anybody get advantage over you. You …
There are few things which are more guaranteed to undermine your ability to succeed in trading than letting your ego take control and you losing touch with reality …
Basically, the name of the game is quality over quantity. Because in a world with infinite information and opportunity, you don’t grow by knowing or doing more, you grow by the ability to correctly focus on less …
The good trader through positive self-talk reminds himself of his past successes and concentrates on the trades that are working presently for him. Visualise making successful trades, then take it one good trade at a time …
YOU CAN DECIDE WITH A WIDE RANGE OF RELEVANT FACTS
What are you avoiding just because you know the answer is painful? …
Doing the wrong things, breaking your rules when trading is bad enough, but realising that and refusing to change is worse …
Can we truly expect to succeed at trading if we are operating in less than fully energized states? …
A trader that I can relate to- Defining moments of one traders’ career w/ Nishant Porbanderwalla …
Whether or not trading becomes the center point of your passion.. ultimately trading can be that component of a much bigger part of your process …
Need always remember that the market teaches, expands, fulfills, and enlightens some people. It also destroys others …
Don't catch falling daggers, there is a better approach …
Making money consistently is a byproduct of acquiring and mastering certain mental skills. The degree to which you understand this is the same degree to which you will stop focusing on the money and focus instead of how you can use your trading as a tool to master these skills …
A winning attitude is a positive expectation of your efforts with an acceptance of whatever results you get are a perfect reflection of your level of development and what you need to learn to do better. You are not responsible for what the market does or doesn't do but you are responsible for everything else that results from your trading activities …
Make sure you approach each day with clearly defined goals for improvement. Trade. Assess your performance. Find the lessons. And feed that back into your goals for the next day …
It is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change …
There is competition for resources out there, there is competition for attention, if you want to do something new you need to innovate …